Opto Circuits Q4 PAT seen up 3% at Rs 114 cr

Opto Circuits is expected to report a growth of 3% year-on-year in its profit after tax of Rs 114 crore for the fourth quarter of FY12, reported CNBC-TV18 poll.

Revenues are seen going up by 14.3% YoY and 2% QoQ to Rs 622.3 crore during the same period.

EBITDA is likely to go up by 43% to Rs 170.2 crore from Rs 119 crore year-on-year.

Operating profit margin is expected to be at 27.3% for the January-March quarter of 2012 as against 22% in a year ago period and 28% in previous quarter.

On quarter-on-quarter basis, profit after tax is seen going down 9% to Rs 114 crore.

Expectations

Expect revenue growth to be led by the invasive business – estimates of 15%+ growth in invasive and non invasive is expected to be sub 10% growth

Margin expansion due to low base YoY – due to lower profitability of Cardiac Science

Higher interest costs & tax rate to dent bottomline growth

High debt, working capital requirements and low FCF remain a concern

Company is planning to raise money via equity dilution in one of its subsidiaries